Establish a controlled reporting handoff from close
Read the recommendation
Recommended focus area: define and implement a formal handoff from close to Management Reporting, including agreed readiness signals, a controlled reporting data source, report version ownership, and standard variance-explanation templates with named owners.
Suggested actions for the finance team
- Agree when close figures are ready for reporting.
- Use one controlled source for reporting data.
- Assign owners for reports and variance explanations.
